Oakbrooke

Key facts from Oakbrooke's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

exclusive residential community of single-family attached residential units and detached residential units (WHEREAS paragraph 1)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Article II, Section Ten)

Assessments & dues

Until January 1 of the year following first Class A Lot conveyance: Class A Lots (attached) $1,600 per year; Class C Lots (detached) $400 per year; Declarant Class A lots not occupied: $400; Declarant Class C lots not occupied: $0 (Article V, Section Four)

Special assessments

Allowed with Board assent for reserves, capital improvements, insurance, unusual and unforeseen expenses (Article V, Section Five)

Collections & liens

Assessments constitute a continuing lien on the Lot; Association may bring action at law or foreclose lien (Article V, Sections One and Nine)

Reserves & fees

Association shall establish and maintain adequate reserve funds for periodic maintenance, repair, replacement of improvements to Common Areas and Class A Lots, and unusual/unforeseen expenses (Article V, Section Three)

Pets

Yes. Dogs, cats, or other household pets allowed, not to exceed a total of two (2) such animals, not for commercial purposes. Excludes hamsters, small birds, fish, other constantly caged animals. (Article IX, Section Eight)

Architectural approval

Yes. For any building, fence, signs, wall, antenna, satellite dish, other structure, exterior addition, change or alteration (including color, paint, exterior finish, plant material, ground cover). Must submit plans and specifications to Ar (Article VII)

Home business

Allowed provided it does not create any traffic other than Owners and Occupants (Article IX, Section Six)

Setbacks / home size

Total square footage of main structure, exclusive of one-story open porches and garages, shall not be less than 900 square feet (Article IX, Section Four)

Insurance

Owners suffering loss bear cost of deductibles; if multiple losses, deductible prorated based on amount of loss (Article VIII, Section 1(g))

Use restrictions

Yes. Lot shall be used for residential purposes. Home offices allowed if no traffic other than Owners and Occupants. (Article IX, Section Six)

Voting & meetings

Three classes: Class A (owners of attached units, 1 vote per Lot), Class B (Declarant, 3 votes per Lot until conversion), Class C (owners of detached units, 1 vote per Lot) (Article IV, Section Two)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.